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Rosneft & Republic of Bashkortostan Strengthen Cooperation

Source: www.gulfoilandgas.com 6/2/2017, Location: Asia

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Rosneft and Republic of Bashkortostan signed an agreement on extending cooperation at the XXI St. Petersburg International Economic Forum. The document was signed by Rosneft Chief Executive Officer Igor Sechin and Head of Bashkortostan Rustem Khamitov.

The agreement provides for participation of Rosneft in implementation of social projects, including those of physical training and sports.

The Government of Bashkortostan will take measures to stimulate investment activity and create a better business climate as provided for in the legislation.

Commenting on the agreement signed, Igor Sechin said: “Rosneft started its operations in the Republic not long ago, however, our constructive cooperation with the Bashkiria authorities is actively developing. We already have certain results of the joint work, which are important both for the Company and for the economy of the region. In the future we plan to complete the modernization of Ufa group of refineries, which will positively affect the development of Company's production base”.

“The agreement that was signed today is of fundamental importance for the republic. It determines the scope and content of Rosneft’s charity programme in Bashkortostan. The document envisages the implementation of important social projects including those in region’s municipalities,” Rustem Khamitov noted.

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